SNDL Inc. Maintains 10.9% Stake in Village Farms Intl.

Ticker: SNDL · Form: SC 13G/A · Filed: 2024-01-31T00:00:00.000Z

Sentiment: neutral

Topics: beneficial-ownership, institutional-ownership, amendment

TL;DR

**SNDL still owns 10.9% of Village Farms, signaling continued strategic interest.**

AI Summary

SNDL Inc. (formerly Sundial Growers Inc.), a Canadian cannabis company, filed an amended SC 13G/A on January 31, 2024, disclosing its ownership in Village Farms International, Inc. As of December 31, 2023, SNDL Inc. beneficially owned 10,000,000 common shares of Village Farms, representing 10.9% of the company's outstanding shares. This matters to investors because SNDL Inc. remains a significant shareholder, indicating continued strategic interest or a long-term investment in Village Farms, which could influence future corporate actions or market perception.

Why It Matters

SNDL Inc.'s continued significant ownership in Village Farms International suggests a strategic alliance or a belief in the long-term value of Village Farms, potentially influencing future business decisions or M&A activity.

Risk Assessment

Risk Level: low — This filing is an amendment confirming a significant, but not new, ownership stake, posing minimal immediate risk to investors.

Analyst Insight

Investors should note SNDL Inc.'s continued significant stake in Village Farms International, as it could signal a potential long-term strategic relationship or influence future corporate governance, but this filing itself doesn't suggest immediate action.

Key Numbers

10,000,000 — Common Shares (Number of Village Farms International shares beneficially owned by SNDL Inc. as of December 31, 2023.)
10.9% — Ownership Percentage (SNDL Inc.'s beneficial ownership percentage of Village Farms International's common shares.)

Key Players & Entities

SNDL Inc. (company) — reporting person and beneficial owner
Village Farms International, Inc. (company) — subject company (issuer)
10,000,000 (dollar_amount) — number of common shares beneficially owned by SNDL Inc.
10.9% (dollar_amount) — percentage of Village Farms International's common shares owned by SNDL Inc.
December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

SNDL Inc. will maintain its significant stake in Village Farms International for the foreseeable future. (SNDL Inc.) — medium confidence, target: 2025-12-31
Village Farms International's stock price will experience minor fluctuations due to this filing, as it confirms existing ownership rather than announcing a new major transaction. (Village Farms International, Inc.) — high confidence, target: 2024-02-29

FAQ

What is the purpose of this SC 13G/A filing?

This SC 13G/A is an amendment (Amendment No. 2) to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership information by SNDL Inc. regarding Village Farms International, Inc. as of December 31, 2023.

Who is the reporting person in this filing?

The reporting person is SNDL Inc., formerly known as Sundial Growers Inc., based in Alberta, Canada, as stated on page 2 of 5 of the filing.

What is the subject company of this filing?

The subject company, or issuer, is Village Farms International, Inc., whose common shares are the subject of the beneficial ownership report, as indicated on page 1 of 5.

How many shares of Village Farms International, Inc. does SNDL Inc. beneficially own?

As of December 31, 2023, SNDL Inc. beneficially owns 10,000,000 common shares of Village Farms International, Inc., as detailed on page 2 of 5 of the filing.

What percentage of Village Farms International, Inc. does SNDL Inc.'s ownership represent?

SNDL Inc.'s beneficial ownership of 10,000,000 common shares represents 10.9% of Village Farms International, Inc.'s outstanding common shares, as per the filing.

From the Filing

0000947871-24-000086.txt : 20240131 0000947871-24-000086.hdr.sgml : 20240131 20240131164848 ACCESSION NUMBER: 0000947871-24-000086 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240131 DATE AS OF CHANGE: 20240131 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Village Farms International, Inc. CENTRAL INDEX KEY: 0001584549 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91375 FILM NUMBER: 24583571 BUSINESS ADDRESS: STREET 1: 4700 - 80TH STREET CITY: DELTA, BRITISH COLUMBIA STATE: Z4 ZIP: V4K 3N3 BUSINESS PHONE: 732-676-3008 MAIL ADDRESS: STREET 1: 4700 - 80TH STREET CITY: DELTA, BRITISH COLUMBIA STATE: Z4 ZIP: V4K 3N3 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SNDL Inc. CENTRAL INDEX KEY: 0001766600 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 919 11 AVENUE SW STREET 2: SUITE 300 CITY: CALGARY STATE: A0 ZIP: T2R1P3 BUSINESS PHONE: 14039485227 MAIL ADDRESS: STREET 1: 919 11 AVENUE SW STREET 2: SUITE 300 CITY: CALGARY STATE: A0 ZIP: T2R1P3 FORMER COMPANY: FORMER CONFORMED NAME: Sundial Growers Inc. DATE OF NAME CHANGE: 20190131 SC 13G/A 1 ss2964276_sc13ga-village.htm AMENDMENT NO. 2 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* Village Farms International, Inc. (Name of Issuer) Common Shares, no par value (Title of Class of Securities) 92707Y108 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☐ Rule 13d-1(b) ☒ Rule 13d-1(c) ☐ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 92707Y108 13G Page 2 of 5 Pages 1 NAMES OF REPORTING PERSONS SNDL Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) ☐ (b) ☒ 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Alberta, Canada Number of Shares Beneficially Owned by Each Reporting Person With: 5 SOLE VOTING POWER 0 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 0 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.0% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO Item 1(a). Name of Issuer Village Farms International, Inc. (the “Issuer”) Item 1(b). Address of Issuer’s Principal Executive Offices 4700-80 th Street Delta, British Columbia Canada V4K 3N3 Item 2(a). Name of Person Filing SNDL Inc. Item 2(b). Address of Principal Business Office or, if none, Residence #300, 919 - 11 Avenue SW Calgary, Alberta Canada T2R1P3 Item 2(c). Citizenship See Row 4 of the cover page. Item 2(d). Title of Class of Securities Common Shares, no par value (the “Shares”) Item 2(e). CUSIP Number 92707Y108 Item 3. Not applicable. Item 4. Ownership The ag